Ontology [ONT] Technical Analysis and Price prediction 2018, 2020

The crypto market is having a downward ride as the seller pressure skyrockets. Prices are down as volatility is seen ahead of the expiry of CME Bitcoin Futures contracts. Bitcoin prices are falling and has lost over 3% against USD over the past 24 hours. However, the Bitcoin price slide is kind of a given at this point. Previously, just before these future contracts expiration either from CME or Cboe, Bitcoin price takes a hit and drops down. Ontology [ONT] has also experienced a similar seller pressure as the crypto market braces itself for a bearish storm.

ONT/USD

Ontology [ONT] prices are facing a spike in seller pressure. The increasing seller pressure has caused the prices to breakout from major support levels. The prices have found a new support level at $2.32 but look like it won’t hold for much longer. The current resistance level is set at $2.5. The prices will have to touch $2.5 to resume an uptrend again. The MACD signifies a bearish momentum for the prices and the prices can be seen moving further below the 100 EMA line trading at $2.5004. ONT is currently changing hands in red at $2.35 and has lost over 7% over the past 24 hours.

ONT/BTC

At the time of writing, one ONT is equal to 0.00034715 BTC and has lost over 4% against BTC.

ONT Price Prediction 2018, 2020

Wallet Investor has forecast that ONT will hit $4,229 in one year. The five-year prediction for the coin is set at a lofty $15,294.

According to Trading Beasts, the crypto will likely trade as high as $5.16 in December, before ending the year lower at $4.13. In 2020, the virtual currency is expected to trade in a range of $2.25-$3.31.

ONT Latest Updates

KuCoin has announced that its mainnet swap of Ontology [ONT] is now complete. The exchange in their announcement mentioned that they will continue to accept ONT token deposits till the 30th of September. If the customers fail to deposit their tokens before the deadline their tokens will be automatically swapped into the Mainnet ONT coin.